Zacks Investment Research cut shares of Universal Logistics Holdings Inc (NYSE:ULH) from a hold rating to a sell rating in a report published on Tuesday.

According to Zacks, “Universal Truckload is a primarily non-asset based provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. Their over-the-road trucking services include both flatbed and dry van operations and they provide rail-truck and steamship-truck intermodal support services. They also offer truck brokerage services, which allow them to supplement their capacity and provide their customers with transportation of freight not handled by their owner-operators. “

Separately, Stifel Nicolaus raised shares of Universal Logistics Holdings from a hold rating to a buy rating and set a $17.00 price objective on the stock in a report on Monday, July 31st.

Shares of Universal Logistics Holdings (NYSE:ULH) opened at 15.60 on Tuesday. The company’s 50 day moving average is $14.58 and its 200 day moving average is $14.01. Universal Logistics Holdings has a 12 month low of $11.09 and a 12 month high of $17.70. The company has a market cap of $443.70 million and a P/E ratio of 30.00.

Universal Logistics Holdings (NYSE:ULH) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Universal Logistics Holdings had a net margin of 0.90% and a return on equity of 7.26%. The company had revenue of $305.20 million for the quarter, compared to analysts’ expectations of $302.10 million. On average, equities research analysts predict that Universal Logistics Holdings will post $0.70 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.79%.

Institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC boosted its position in shares of Universal Logistics Holdings by 10.2% in the second quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock worth $190,000 after buying an additional 1,169 shares during the last quarter. State Street Corp boosted its position in shares of Universal Logistics Holdings by 2.0% in the fourth quarter. State Street Corp now owns 114,921 shares of the transportation company’s stock worth $1,882,000 after buying an additional 2,225 shares during the last quarter. Northern Trust Corp boosted its position in shares of Universal Logistics Holdings by 1.7% in the second quarter. Northern Trust Corp now owns 143,751 shares of the transportation company’s stock worth $2,156,000 after buying an additional 2,427 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Universal Logistics Holdings by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 106,818 shares of the transportation company’s stock worth $1,533,000 after buying an additional 2,495 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Universal Logistics Holdings by 2.0% in the second quarter. Thrivent Financial For Lutherans now owns 142,774 shares of the transportation company’s stock worth $2,141,000 after buying an additional 2,860 shares during the last quarter.

Universal Logistics Holdings Company Profile

Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.

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